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MARKET CLOSE NZ shares mixed; Chorus falls on regulatory threat, Xero soars
Dec. 3 (BusinessDesk) - New Zealand shares fell after telecommunications network operator Chorus said a draft view of price curbs proposed by the regulator could wipe $160 million from earnings. Xero soared to a record after raising funds from US investors. The NZX 50 Index fel...
NZ dollar little changed vs. Australian dollar after weak retail sales, as RBA looms
By Paul McBeth Dec. 3 (BusinessDesk) - The New Zealand dollar was little changed against its Australian counterpart as sluggish consumer spending across the Tasman stoked speculation the Reserve Bank of Australia may cut interest rates deeper than initially anticipated. The ki...
4RF assets sold to Israel’s Fortissimo for US$8M, enabling repayment of creditors
Dec. 3 (BusinessDesk) - Israeli private equity group Fortissimo Capital paid US$8 million for award-winning Wellington-based microwave radio products developer 4RF, allowing the receivers to repay creditors and settle with noteholders. The former parent company, 4RF Communicati...
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